Outsourcing: the essence and features of implementation in Ukraine

Outsourcing: the essence and features of implementation in Ukraine.

Maxim Levichev, 110i, KNEU

Outsourcing’s nature

Understanding phenomenon of outsourcing and its influence and role in business in Ukraine should be started from defining what Outsourcing is in its nature.

Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company’s own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

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